{"data":{"id":"us-ak/as-06.20.290","jurisdiction":"us-ak","citation":"AS 06.20.290","heading":"Purchase of wages or other compensation for $25,000 or less.","body":"For purposes of this chapter, the payment of $25,000 or less in money, credit, goods, or things in action, as consideration for the sale or assignment of, or order for, the payment of wages, salary, commissions, or other compensation for services, whether earned or to be earned, is considered a loan, and the difference between the payment and the amount of the compensation sold or assigned is considered interest or a charge upon the loan from the date of payment to the date the compensation is payable. Such a transaction is governed by this chapter.","path":["Title 6. Banks and Financial Institutions.","Chapter 20. Alaska Small Loans Act.","Article 4. Business Practices."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.20.290","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"0932642bc5546f71791302c1120ad843b737cee4bd38f8cbdef72be8dfe9798c","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.20.287","next":"us-ak/as-06.20.300"},"notice":"GroundRules: Original legal text. Not legal advice."}